Transaction
CAILabs raises €5m
Date
July, 2017
Sectors
SaaS
Deal type
Private Placement
Deal locations
France
Deal Team
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Sandrine
Vergnory-Mion
M&A Advisory
Background
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Founded in June 2013, as a Kastler Brossel lab spin-off, CAILabs has developed a disruptive light shaping technology. Since 2014, CAILabs commercializes innovative solutions allowing to increase optical fibers’ bandwidth. In 2015, Japanese operator KDDI has set a new optical fiber bandwidth world record thanks to CAILabs technology. Over 2016, the LAN optical fiber solution AROONA has won multiple innovation prizes, including Huawei Digital-In-Pulse prize.
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Safran Corporate Ventures is Safran’s corporate investment arm, aimed at financing startups or innovative SMEs. Since its foundation in April 2015, it has contributed to the funding of seven disruptive companies, operating in Safran’s areas of expertise such as Embedded Systems, Materials, New Services or New Flying Platforms.
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Pioneer of innovative capital in France, Innovacom has invested c. €1bn since 1998 to support hundreds of startups in the digital field. Recognized as a specialist of groundbreaking technology projects, Innovacom contributed to dozens of IPOs, and around 150 industrial divestitures including some of the most emblematic French innovation success stories such as Business Objects, Inventel, Soitec, Aufeminin.com, and Digitick.
Process
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Safran led a €5m fundraising, subscribed by Safran Corporate Ventures and the current shareholders. This fundraising will support CAILabs’ industrial and commercial development along with its international expansion.
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CAILabs had already raised €3.5m from specialist funds such as Innovacom and Starquest as well as business angels.